Reblogged on kommonsentsjane/blogkommonsents.
Interesting that CNN abandoned their journalistic standards and now they are abandoning their journalists. I guess the heat got too hot in the kitchen.
Nov 8, 2017 BY MALLORY SHELBOURNE AND HARPER NEIDIG
The Justice Department has told AT&T and Time Warner to either sell off CNN’s parent company or DirecTV as a condition of approving their proposed merger, The New York Times reported Wednesday.
According to the report, the Justice Department wants Time Warner to sell off all of Turner Broadcasting, a subsidiary that holds CNN and other networks, like TBS and TNT. As an alternative, the regulators also proposed that AT&T sell DirecTV, which it bought in 2015 for $48.5 billion.
The Financial Times first reported that the Justice Department wants Time Warner to spin off CNN.
The parties offered to divest CNN and the DOJ Antitrust Division flatly rejected it, Justice Department sources told The Hill.
But AT&T CEO Randall Stephenson said in a statement Wednesday afternoon that he was not entertaining the idea of selling CNN from the combined company.
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